RE:RE:RE:RE:RE:RE:EIA Crude +10, Gasoline -1.3 Dist -1.8mThis adjustment has been going since at least last March. Why are we talking about this now as if it is something new?<br /> <br /> That said, the Government doing something like this is not new and is clearly politically driven in much the same way that the Government changed the way inflation was calculated in the early 1980s. The goal back then was to manipulate the data to under report the inflation numbers. I suspect the change in the methodolgy for the oil production numbers is linked to the Inflation Reduction Act of August 2022 and political opposition to it. It probably took the EIA a number of months to come up with a way to achieve the desired fudge and pretend that it is legitimate and come up with the associated communications strategy.<br /> <br /> The problem in my opinion is not that the benchmark has changed, but that the underlying methodology is vague and subject to manipulation which diminishes the utility of the reported numbers.<br /> for investors.<br /> <br /> <a href="https://www.reuters.com/business/energy/crude-oil-blending-under-reported-crude-output-blame-high-adjustments-eia-data-2023-03-03/">https://www.reuters.com/business/energy/crude-oil-blending-under-reported-crude-output-blame-high-adjustments-eia-data-2023-03-03/</a><br /> <br /> <br />